Stock Market & Financial Investment News

NCR Corp. March volatility elevated NCR Corp. March call option implied volatility is at 37, April is at 34, July is at 34, October is at 32; compared to its 26-week average of 31 according to Track Data, suggesting large near term price movement.

NCR likely to end auction after Thoma Bravo deal falls through, NY Post reportsThoma Bravo has ended its $9B pursuit of NCR, the New York Post reports, citing a source with direct knowledge of the situation. The two sides could not agree on a final price, the report says. NCR is expected to end the auction altogether, the report adds. Reference Link

NCR Corp. sees Q3 revenue $1.63B-$1.65B, consensus $1.67BRevenue includes an expected 6% unfavorable foreign currency impact. Additionally, the Company expects non-pension operating income to be in the range of $210 million to $220 million, compared to $204 million in the third quarter of 2014, and income from operations to be in the range of $158 million to $168 million, compared to $41 million in the third quarter of 2014. The unfavorable foreign currency impact on NPOI is expected to be approximately $17 million in the third quarter of 2015. NCR expects its third quarter 2015 effective income tax rate to be approximately 23% and other expense, net including interest expense to be approximately $55 million.

NCR Corp. volatility elevated into Q2 and outlook NCR Corp. August call option implied volatility is at 48, September is at 38, October is at 29; compared to its 52-week range of 24 to 48, suggesting large near term price movement into the expected release of Q2 results on July 28.

NCR buyout chances are just 50/50, NY Post saysA Thoma Bravo-led group has bid $9B-$10B for NCR Corp., but the chances of a deal closing are just 50/50, Josh Kosman of the New York Post reports, citing a source close to the situation. NCR wants a higher price despite likely only receiving one buyout offer, Kosman adds. Reference Link